JPMorgan Chase Tower signs 150,000 square feet in lease expansions

Hines and Cerberus Capital Management, global real estate firms, recently announced a total of 152,946 square feet of lease expansions at JPMorgan Chase Tower, an iconic 75-floor, 1.65 million-square-foot office tower located at 600 Travis Street in Houston, Texas. The building is currently 84% occupied.

The tenant expansions include:

  • JPMorgan Chase Bank: expanded to 315,430 square feet from 255,886
  • KKR: expanded to 52,534 square feet from 23,291 and was represented by Jon Lee, CBRE
  • Bradley Arant Boult Cummings, LLP: expanded to 45,125 square feet from 22,082, extended the lease term, and was represented by Lesa Nickelson French, Savills
  • M6 Midstream: expanded to 34,673 square feet from 22,575, extended the lease term, and was represented by Mark Russell, Newmark
  • J.B. Poindexter & Co: expanded to 26,484 square feet from 15,892, extended the lease term. and was represented by David Bale, JLL
  • Proman USA: expanded to 22,008 square feet from 13,673, extended the lease term and was represented by Bill Boyer, CBRE

JPMorgan Chase Tower, Texas’ tallest office tower, was designed by renowned architect I.M. Pei. In 2021, an urban park and architectural entry with abundant natural light were completed, as well as an expanded hospitality-inspired first floor lobby with gathering areas for both large and small groups. The iconic Sky Lobby on the 60th floor was reconfigured to offer more collaboration space for tenants with views of the city. The renovation also included the addition of a modern and multi-functional 10,000-square-foot conference center on the second floor with a dedicated concierge.

Amenities include green space and outdoor gathering areas; on-site restaurants and retail including Starbucks, Otto’s BBQ, Maggie Rita’s, Brown Bag Deli and Leaf & Grain (coming soon); spectacular city views from the 60th floor Sky Lobby; access to a 280-seat auditorium at 601 Travis; a 7,000-square-foot fitness center with locker rooms and showers; secured bike storage; VIP parking below JPMorgan Chase Tower; a 12-level tunnel-connected parking garage with destination elevators; EV charging stations in both the 600 Travis and 601 Travis parking garages; and on-site Hines management team and 24/7 security.

The LEED Gold designated and Energy Star rated building is located in the heart of Downtown Houston, offering easy access to theaters, retail, restaurants, nightlife, and hotels. The building’s prominent location also delivers accessibility to the Central Station METRORail stop just one block away, several tunnel access points, convenient access to major roadways including I-45, I-10 and I-69, and three entry points to the parking garage at 601 Travis.

Bridger, Beasley and Michael Anderson of Cushman & W

Hines secures IBM to anchor new office tower in Austin

CBRE has arranged a significant pre-lease with IBM to anchor a new 507,200-square-foot next-generation office development planned by Hines on the north end of The Domain, known as Austin’s “second downtown.” IBM plans to relocate and consolidate its two current office locations near The Domain at the highly amenitized building, slated for occupancy by 2027.

CBRE’s Bo Beacham and John Barksdale represented the developer, Hines, in the transaction.

Hines’ new Class AA development within The Domain will comprise of two 14-story interconnected towers with exclusive lobbies for each tower and exterior aesthetics that will set a new bar in the Dominion submarket. Catering to the needs of the modern workforce, tenants will experience multiple amenity decks on the ninth floor, private balconies on each floor, outdoor sports amenities, and a high-end fitness and conference center. Additionally, the property will place a heavy emphasis on ESG, and is being designed for LEED Gold certification and will seek WELL Platinum, WiredScore Platinum, and Austin Energy Green Build distinctions. Construction is anticipated to begin in late 2023.

Hines selected as development manager for Texas A&M Aplin Center

Texas A&M has selected key partners to advance toward a summer groundbreaking for the Aplin Center. Supported by a $50 million gift from former student Arch “Beaver” Aplin III, owner of Buc-ee’s, the academic center will serve as an immersive learning laboratory for students.

Houston-based Hines has been selected as the development manager to facilitate the T3 project. T3 is Hines’ new generation of heavy timber buildings are focused on innovation, wellness and sustainability. Pickard Chilton and DLR Group, two premier architectural design firms known for their innovative ideas, will lead the design of the state-of-the-art facility. Landscape architect Design Workshop will transform the surrounding eight acres at the corner of Wellborn Road and John Kimbrough Boulevard into an inviting green space. The university will break ground in the fall.

The Aplin Center will offer a transformational student experience through new university programs in hospitality, retail studies and food product development involving innovative degree programs including viticulture, fermentation processes, coffee and food science. Product development laboratories and food tasting areas will offer collaboration with industry and experiential learning opportunities for students.

The Aplin Center will include outdoor and indoor student recreational space, as well as retail and food service areas managed by students and faculty through the educational programs.

The project will host corporate training and recruiting programs, along with professional development opportunities. Workforce training based on industry needs will be a key component of the center. Texas A&M is already exploring potential collaboration with industry for internship opportunities as students advance through the programs offered at the Aplin Center.

Primary academic partners will be the College of Agriculture and Life Sciences and the Mays Business School, although other academic units will be involved in specialty projects.

Aplin graduated from Texas A&M in 1980 with a construction science degree and opened his first Buc-ee’s in Lake Jackson, Texas, in 1982.